financial and economy : The economy in Chittenden county is showing surprising strength
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in spite of job layoffs, although a new survey shows a growing vacancy rate in the county's commercial retail space. One big exception is Burlington, where business is booming. Regardless of the recession, downtown Burlington thrives. Vacant storefronts are hard to find. ... Through most of the 1990s, vacancies in downtown Burlington remained under ten percent, then more than doubled in 1999 when the old Burlington Square mall fell into disrepair. Now, vacancies are under five percent, due largely to success at finding tenants for the newly-renovated downtown mall. ... Commercial vacancies in the rest of Chittenden county saw a similar pattern through the 90s, but over the past six months vacancies outside of Burlington have risen to ten percent. Still, the future looks brighter than the higher vacancy rate seems to indicate. ... The Ames closing is only a temporary set back for University Mall, which expects to replace it with another retailer....
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